Cenovus Energy Inc. (TSE:CVE) Senior Officer Purchases C$213,900.00 in Stock

Cenovus Energy Inc. (TSE:CVE) (NYSE:CVE) Senior Officer Jeffery George Lawson bought 10,000 shares of the business’s stock in a transaction on Friday, February 21st. The stock was purchased at an average price of C$21.39 per share, with a total value of C$213,900.00.

Jeffery George Lawson also recently made the following trade(s):

• On Friday, December 27th, Jeffery George Lawson bought 5,000 shares of Cenovus Energy stock. The stock was purchased at an average price of C$21.17 per share, with a total value of C$105,832.00.
• On Friday, December 13th, Jeffery George Lawson bought 4,600 shares of Cenovus Energy stock. The stock was purchased at an average price of C$21.74 per share, with a total value of C$100,004.00.

Cenovus Energy Price Performance

Shares of TSE:CVE opened at C$20.75 on Monday. The company’s fifty day moving average is C$21.52 and its two-hundred day moving average is C$22.72. The company has a quick ratio of 1.00, a current ratio of 1.59 and a debt-to-equity ratio of 33.59. Cenovus Energy Inc. has a 12-month low of C$20.16 and a 12-month high of C$29.96. The company has a market cap of C$37.80 billion, a P/E ratio of 10.23, a price-to-earnings-growth ratio of 0.09 and a beta of 2.63.

Cenovus Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.47%. The ex-dividend date was Friday, December 13th. Cenovus Energy’s dividend payout ratio (DPR) is currently 35.49%.

Analysts Set New Price Targets

A number of research firms have weighed in on CVE. BMO Capital Markets cut their target price on Cenovus Energy from C$28.00 to C$25.00 in a research report on Friday, December 13th. Raymond James upped their target price on Cenovus Energy from C$32.00 to C$33.00 in a research report on Friday, December 13th. Royal Bank of Canada cut their target price on Cenovus Energy from C$28.00 to C$26.00 in a research report on Tuesday, January 14th. National Bank Financial cut Cenovus Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday. Finally, TD Securities dropped their price target on Cenovus Energy from C$31.00 to C$29.00 and set a “buy” rating on the stock in a report on Friday, December 13th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$30.00.

About Cenovus Energy

Cenovus Energy is an integrated oil company, focused on creating value through the development of its oil sands assets. The company also engages in production of conventional crude oil, natural gas liquids, and natural gas in Alberta, Canada, with refining operations in the U.S. Net upstream production averaged 472 thousand barrels of oil equivalent per day in 2020, and the company estimates that it holds 6.7 billion boe of proven and probable reserves.